{"id":138140,"date":"2020-07-02T16:00:25","date_gmt":"2020-07-02T15:00:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=138140"},"modified":"2020-07-02T21:51:17","modified_gmt":"2020-07-02T20:51:17","slug":"ethereum-co-founder-says-rollups-will-power-eth-2-0-to-100k-tps","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-co-founder-says-rollups-will-power-eth-2-0-to-100k-tps\/","title":{"rendered":"Ethereum co-founder says \u201crollups\u201d will power ETH 2.0 to 100k TPS"},"content":{"rendered":"

The transaction per second (TPS) metric is informally considered the standard for the scalability of any blockchain. <\/span><\/p>\n

High TPS means a battle-tested network capable of scalability and fast processing of user transactions. This partly helps in positioning blockchain as a steady alternative to centralized providers.<\/span><\/p>\n

Currently, Bitcoin<\/a> provides 4 TPS, while Ethereum goes up to 15. Smaller coins like NEO and Cardano boast<\/a> of or are building a framework for reaching 1,000 TPS, while Komodo claims to have reached the 45k per second mark in testing.<\/span><\/p>\n

Now, with ETH 2.0 coming up, the protocol might see over 100,000 TPS gradually, with plans for eventually scaling to over a million as \u201csharding\u201d is deployed.<\/span><\/p>\n

If that happens, the popular argument of public blockchains being slower than VISA is set to be toppled.<\/p>\n

Six-figure TPS coming to Ethereum<\/b><\/h2>\n

Vitalik Buterin, the 26-year-old co-founder of Ethereum, tweeted earlier this week:<\/span><\/p>\n

\n

ETH2 scaling for data will be available *before* ETH2 scaling for general computation. This implies that rollups will be the dominant scaling paradigm for at least a couple of years: first ~2-3k TPS with eth1 as data layer, then ~100k TPS with eth2 (phase 1). Adjust accordingly.<\/p>\n

— vitalik.eth (@VitalikButerin) June 30, 2020<\/a><\/p><\/blockquote>\n